Plan Snapshot
- Plan Sponsor: Terex Corporation
- Sponsor EIN: 341531521
- Sponsor Address: 301 MERRITT 7, NORWALK, CT, 06851
- Plan Type: 401(k)
- Total Participants: 5,794
- Total Assets: $687.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,794 | $687.4M | $16.0M | $23.7M |
| 2023 | 4,280 | $638.5M | $13.0M | $21.5M |
| 2022 | 3,912 | $543.6M | $12.0M | $20.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $299,913 | — | $299,913 |
| MERCER | INVESTMENT ADVISOR | $126,227 | — | $126,227 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $117,191 | — | $117,191 |
| BDO | ACCOUNTANT/AUDITOR | $66,250 | — | $66,250 |
| GODFREY AND KAHN | ATTORNEY/LEGAL | $23,155 | — | $23,155 |
| CBIZ | ACCOUNTANT/AUDITOR | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- BDO — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $638,736
- Estimated Expense Ratio: 0.093% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $638,736 | $117,191 | — | $72,250 | — |
| 2023 | $560,903 | $92,667 | — | $66,000 | — |
| 2022 | $534,892 | $68,909 | — | — | — |